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Truecrypt
is one of those free open source utilities that fly under the radar of most Windows users. Not as flashy or controversial as Microsoft’s BitLocker, TrueCrypt nevertheless provides many of the same features -- full disk encryption with separate key-based recovery -- as well as some that BitLocker does not, like true pre-boot encryption of all volumes. (BitLocker requires that you create a separate, unencrypted pre-boot volume.) In fact, TrueCrypt is superior to BitLocker on many counts, with support for more encryption protocols, more varied encryption scenarios (such as hidden volumes), and more flexibility in how and when you can encrypt your data.
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